Suzhou Chunxing Precision Mechanical Co.,Ltd. Posted 144 Million Yuan Net Loss in 2022

Suzhou Chunxing Precision Mechanical Co.,Ltd. (苏州春兴精工股份有限公司) (002547.SZ) reported a net loss of 144 million yuan in 2022, narrowing 87% year-on-year.

Meanwhile, the company posted 2.6 billion yuan in revenue, down 3.2% year-on-year.

At the end of the reporting period, it had 5.7 billion yuan in total assets and 5.1 billion yuan in total liabilities, with a liability-to-asset ratio of 90.6%.